EURL Fund Description

EURL provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe.

EURL Factset Analytics Insight

EURL is a 3x levered play on the FTSE Developed Europe Index, a market-cap-weighted index of total market stocks in developed Europe. The usual caveats for geared funds apply emphatically for 3x gearing: The fund rebalances its exposure on a daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are unlikely to achieve the 3x multiple. Returns are helped by strong trends and hurt by volatility. EURL isn’t appropriate for buy-and-hold investors.Note: The fund switched underlying indexes on August 22, 2016 to a slightly different and arguably better FTSE index. The index—tracked at 1x by Vanguard’s VGK—includes small-caps, thereby providing more complete coverage of the space.

EURL Factset Analytics Block Liquidity

This measurement shows how easy it is to trade a $1 million USD block of EURL. EURL is rated a 5 out of 5.

EURL Tradability

Avg. Daily Share Volume
18,553

Average Daily $ Volume
$512.95K

Median Daily Share Volume
16,520

Median Daily Volume ($)
$446.85K

Average Spread (%)
0.10%

Average Spread ($)
$0.03

Median Premium / Discount (12 Mo)
-0.01%

Max. Premium / Discount (12 Mo)
0.53% / -0.70%

Impediment to Creations
None

Market Hours Overlap
30.00%

Creation Unit Size (Shares)
50,000

Creation Unit/Day (45 Day Average)
0.33

Creation Unit Cost (%)
0.02%

Underlying Volume / Unit
--

Open Interest on ETF Options
200

Net Asset Value (Yesterday)
$25.32

ETF.com Implied Liquidity
5

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